Shares of Nanometrics Incorporated (NASDAQ:NANO) have been given a consensus rating of “Buy” by the five research firms that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $31.67.
Several equities analysts recently issued reports on the company. Zacks Investment Research upgraded Nanometrics from a “sell” rating to a “hold” rating in a research report on Wednesday, August 23rd. Stifel Nicolaus upgraded Nanometrics from a “hold” rating to a “buy” rating and boosted their price target for the company from $29.00 to $31.00 in a research report on Friday, June 16th. They noted that the move was a valuation call. Benchmark Co. restated a “buy” rating and issued a $34.00 price target on shares of Nanometrics in a research report on Wednesday, August 2nd. Finally, BidaskClub cut Nanometrics from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 2nd.
Shares of Nanometrics (NANO) opened at 26.91 on Thursday. Nanometrics has a 52 week low of $18.65 and a 52 week high of $32.42. The stock has a market cap of $686.07 million, a P/E ratio of 14.31 and a beta of 1.74. The stock has a 50 day moving average price of $25.76 and a 200-day moving average price of $27.50.
Nanometrics (NASDAQ:NANO) last issued its quarterly earnings results on Tuesday, August 1st. The semiconductor company reported $0.30 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.01). The company had revenue of $64.43 million during the quarter, compared to analyst estimates of $66.37 million. Nanometrics had a net margin of 19.94% and a return on equity of 11.95%. The business’s revenue was up 15.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.26 EPS. Equities analysts predict that Nanometrics will post $1.20 EPS for the current fiscal year.
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In other Nanometrics news, CEO Timothy J. Stultz sold 20,000 shares of Nanometrics stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $25.19, for a total value of $503,800.00. Following the sale, the chief executive officer now owns 300,651 shares of the company’s stock, valued at approximately $7,573,398.69. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Janet Therese Taylor sold 2,505 shares of Nanometrics stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $25.65, for a total value of $64,253.25. Following the completion of the sale, the general counsel now directly owns 35,833 shares in the company, valued at approximately $919,116.45. The disclosure for this sale can be found here. Insiders sold a total of 64,545 shares of company stock worth $1,668,963 in the last ninety days. 6.70% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in NANO. BlackRock Inc. boosted its holdings in Nanometrics by 81,374.7% in the 1st quarter. BlackRock Inc. now owns 3,091,965 shares of the semiconductor company’s stock valued at $94,182,000 after purchasing an additional 3,088,170 shares in the last quarter. Hood River Capital Management LLC boosted its holdings in Nanometrics by 72.5% in the 2nd quarter. Hood River Capital Management LLC now owns 880,612 shares of the semiconductor company’s stock valued at $22,271,000 after purchasing an additional 370,127 shares in the last quarter. Teachers Advisors LLC boosted its holdings in Nanometrics by 892.7% in the 2nd quarter. Teachers Advisors LLC now owns 396,002 shares of the semiconductor company’s stock valued at $10,015,000 after purchasing an additional 356,109 shares in the last quarter. Credit Agricole S A purchased a new stake in Nanometrics in the 1st quarter valued at approximately $3,813,000. Finally, TIAA CREF Investment Management LLC boosted its holdings in Nanometrics by 134.9% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 351,648 shares of the semiconductor company’s stock valued at $8,894,000 after purchasing an additional 201,969 shares in the last quarter. 81.28% of the stock is currently owned by institutional investors.
Nanometrics Company Profile
Nanometrics Incorporated is a provider of process control metrology and inspection systems used primarily in the fabrication of semiconductors and other solid-state devices, including sensors, optoelectronic devices, high-brightness (HB) light emitting diodes (LEDs), discretes and data storages components.
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